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Is Cambodia a third world country?
Cambodia is technically a third world country and is one of the poorest nation’s in the world. About a third of its citizens live on less than a dollar a day. Farming is the main industry for these people and there is a level of subsistence living where they grow what they need and have trouble affording extra items.
There is corruption in Cambodia and that has an effect on the ability of citizens to grow their own wealth. Much of the money that is coming into Cambodia stays with the upper class elite and doesn’t trickle down to the poorer classes.
Cambodia’s industries are growing and tourism is a big one these days. Clothing manufacturing is also a big employer and the country has natural resources which it is now utilising more than before. However, these sources of income are not necessarily being used by the country’s rulers to improve the lives of everyday people.
Neighbouring Vietnam and nearby China are investing in Cambodia and that is likely to help improve the country’s economy. However, the population of 15 million people will need a long time if they are going to grow out of poverty and into a more prosperous nation like some of its other Southeast Asian neighbours.
Other Cambodia FAQ:
- What is Cambodia like?
- Why is Cambodia poor?
- Why is Cambodia called the Killing Fields?
- Is Cambodia safe for travellers?
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